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NEWS STORIES

Renting versus OwningSubmitted: 10/12/2012
RHINELANDER - Low mortgage rates and the recovering economy have come together to make buying a home cheaper than renting.

In the Northwoods realtors say homes are selling for up to 80-percent below the fair market value.

John Krueger is a Realtor at John Krueger Realty and says, "So that means the trend has reversed from a sellers' market to a buyers' market. That will reverse again because in the real estate business we're always in a cycle. Unfortunately we're in a longer cycle than usual, but that's going to go back up again."

While prices are low, many are taking advantage of the deals and turning a profit by converting homes into rental properties, Krueger says, "Investors and contractors are scooping up some of these low-end properties to rent. The rental market is strong and the prices of rental properties will show that. So many people lost their homes, unfortunately, and they have to go someplace, so they rent."

This buyers' market won't hang around forever though and realtors recommend purchasing a home now if you can afford it before it turns back into a sellers' market.

Related Weblinks:
John Krueger Realty

Story By: Michael Crusan

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 IN OTHER NEWS
Rock throwing case moves forward for one of the accusedSubmitted: 07/31/2014

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CRANDON - Prosecutors in Forest County accuse a group of four people of throwing rocks off of a bridge and damaging a car. Victims Wednesday described the sound like a bomb going off.

19-year-old Thomas Hines is one of four people facing charges for throwing rocks off of a Forest County bridge just after 3 a.m. June 3, 2014. The other three facing charges include 18 year-old Mariya Tuckwab, 20 year-old Ryan Kitchmaster, and 21-year-old Dillon Votis.

All four face multiple felony charges for recklessly endangering safety and criminal damage to property.

Prosecutors say those rocks hurt a woman inside of the car.

Hines was in court Wednesday for his preliminary hearing.

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Accused driver had received license only weeks before deadly crash, case moves forwardSubmitted: 07/31/2014

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CRANDON - The case against an 18-year-old Laona man will go ahead after a Forest County judge found enough evidence to move forward Wednesday.

Austin Ginter, 18, faces reckless homicide charges in Forest County after a car crash killed 15-year-old Chance Harcus. Another 16-year-old girl was also injured in the July 13th car crash on Old 8 Road west of Crandon.

New information from a preliminary hearing Wednesday shows that Ginter only had his driver's license for two weeks before the crash.

Wisconsin State Patrolman Justin Bender testified for the prosecution. He was the officer that reconstructed the car crash. He says the car was going at least 114 miles per hour when the driver lost control, but could have been going as fast as 126 miles per hour.

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Researchers believe smoke-free policy could lead to more customers at Northwoods casino Submitted: 07/30/2014

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LAC DU FLAMBEAU - More than two-thirds of visitors to the Lake of the Torches Casino say smoking bothers them.

That's just one of the results from the first-of-its-kind study on attitudes towards smoking in casinos.

The Great Lakes Inter-Tribal Council and the casino in Lac du Flambeau joined together to survey more than 950 people in 2011.

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Wisconsin Valley Fair Continues to Showcase TraditionsSubmitted: 07/30/2014

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Some of those traditions keep vendors coming back.

First English Lutheran Church runs a food booth. 15 to 20 volunteers report to their stand every day.

They've served fair-goers homemade favorites for more than 90 years.

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Possible police shooting suspect caught in Minn.Submitted: 07/30/2014

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Television news footage shows the man being pulled from his vehicle just off Interstate 494. Police have a massive presence with scores of officers and squad cars on site.

The capture comes about three hours after an officer was shot while making a traffic stop.

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Classic and antique boat showSubmitted: 07/30/2014

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"A lot of these people have had them, because this is boating country up here," said Northwoods AOMCI President Bob Dalle Ave. "Even the younger ones will say my grandpa had a motor like that or my dad has a motor like that at home. So it's the motors that draw them in."

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The court will also hear arguments over a media coalition's request that all records in the case be made public.

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